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....The purchase is part of a deal by Geely to buy a 49. 9% stake in Malaysian carmaker Proton, which owns Lotus. ... [Read full article on BBC ]
Wednesday 24th of May 2017 11:28:43 AM
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. German police have searched 11 offices of carmaker Daimler as part of their investigation into possible fraudulent emissions data by employees. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 02:02:06 PM
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.... . Last week, the carmaker said it planned to cut 10% of its salaried workforce in North America and Asia Pacific this year, on a voluntary basis. ... [Read full article on BBC ]
Monday 22nd of May 2017 07:20:07 AM
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....Jaguar Land Rover has been held up by ministers as a poster child for British manufacturing, and is one of the UK’s largest exporters, with about 80% of revenue generated from cars sold abroad. Over the past six years, the carmaker owned by India’s Tata has doubled sales and employment, more than tripled turnover, and invested more than £15bn. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 06:31:15 PM
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...."There's a number of people from family offices [and] private equity firms - they're making small bets and when you add that type of liquidity to the market, that's going to drive the price up," says Mr Crosby. This year's Consensus conference drew some big corporate names, such as insurer State Farm, carmaker Toyota, and consulting firm Deloitte. ... [Read full article on BBC ]
Wednesday 24th of May 2017 09:07:22 AM
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....Ford has named the head of its driverless cars division as its chief executive in a sudden regime change, as the company that pioneered the assembly line looks to the next stage of the industry’s evolution. The Detroit-based carmaker said Mark Fields, who has run the company since July 2014, was retiring with immediate effect amid an overhaul of senior management. ... [Read full article on Guardian ]
Monday 22nd of May 2017 11:28:37 AM
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....FCA has been accused of fitting software to its cars which wasn't disclosed to regulators, and which made emissions control systems perform in a different way on the road to how they worked in the laboratory. BUT - carmakers do use a variety of software to regulate emissions control systems, to ensure that they only work at the correct temperature, for example. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 07:28:10 PM
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...."That is when the auto industry started to flourish. Now almost every single carmaker in the world is present in Mexico," Mr Heath says. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 11:00:17 PM
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. Demand for Aston Martin’s first all-new model for a decade – the flagship DB11 coupe – helped the luxury carmaker to double revenues in the first quarter, as it seeks to recover from six years of losses. ... [Read full article on Guardian ]
Wednesday 24th of May 2017 05:41:58 PM
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Latest Finance News related to Carmaker

Aston Martin roars back into profit as DB11 revs up sales image
Source : Guardian [Read Article] Wednesday 24th of May 2017 05:41:58 PM
. Demand for Aston Martin’s first all-new model for a decade – the flagship DB11 coupe – helped the luxury carmaker to double revenues in the first quarter, as it seeks to recover from six years of losses. ...
British sports car maker Lotus bought by China's Geely image
Source : BBC [Read Article] Wednesday 24th of May 2017 11:28:43 AM
....The purchase is part of a deal by Geely to buy a 49. 9% stake in Malaysian carmaker Proton, which owns Lotus. ...
Not just Bitcoin... image
Source : BBC [Read Article] Wednesday 24th of May 2017 09:07:22 AM
...."There's a number of people from family offices [and] private equity firms - they're making small bets and when you add that type of liquidity to the market, that's going to drive the price up," says Mr Crosby. This year's Consensus conference drew some big corporate names, such as insurer State Farm, carmaker Toyota, and consulting firm Deloitte. ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
...."That is when the auto industry started to flourish. Now almost every single carmaker in the world is present in Mexico," Mr Heath says. ...
US accuses Fiat Chrysler of using 'defeat devices' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 07:28:10 PM
....FCA has been accused of fitting software to its cars which wasn't disclosed to regulators, and which made emissions control systems perform in a different way on the road to how they worked in the laboratory. BUT - carmakers do use a variety of software to regulate emissions control systems, to ensure that they only work at the correct temperature, for example. ...
Jaguar Land Rover posts record sales thanks to demand in China and US image
....Jaguar Land Rover has been held up by ministers as a poster child for British manufacturing, and is one of the UK’s largest exporters, with about 80% of revenue generated from cars sold abroad. Over the past six years, the carmaker owned by India’s Tata has doubled sales and employment, more than tripled turnover, and invested more than £15bn. ...
German police raid Daimler offices image
Source : BBC [Read Article] Tuesday 23rd of May 2017 02:02:06 PM
. German police have searched 11 offices of carmaker Daimler as part of their investigation into possible fraudulent emissions data by employees. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....Ford has named the head of its driverless cars division as its chief executive in a sudden regime change, as the company that pioneered the assembly line looks to the next stage of the industry’s evolution. The Detroit-based carmaker said Mark Fields, who has run the company since July 2014, was retiring with immediate effect amid an overhaul of senior management. ...
Ford chairman denies that he fired chief executive image
Source : BBC [Read Article] Monday 22nd of May 2017 07:20:07 AM
.... . Last week, the carmaker said it planned to cut 10% of its salaried workforce in North America and Asia Pacific this year, on a voluntary basis. ...
German business leaders urge Tories to rethink plan to leave single market image
....Business leaders in Europe’s biggest economy are instead calling on Conservatives to rethink their commitment to leaving the single market, even though the party has doubled down on this promise in its election manifesto. David Davis and Boris Johnson have repeatedly cited likely pressure from German exporters, such as carmakers, as a reason for thinking they can persuade European negotiators to maintain free trade access after Britain leaves. ...
GM to stop making cars for Indian market image
Source : BBC [Read Article] Friday 19th of May 2017 05:19:34 AM
....GM puts $1bn India plan 'on hold'. The US carmaker said it would stop selling cars in South Africa, and sell its manufacturing business there to Isuzu Motors. ...
Tesla factory workers reveal pain, injury and stress: 'Everything feels like the future but us' image
.... His company says its factory safety record has significantly improved over the last year. Musk also said that Tesla should not be compared to major US carmakers and that its market capitalization, now more than $50bn, is unwarranted. ...
Ford looks to cut 1,400 jobs image
Source : BBC [Read Article] Wednesday 17th of May 2017 07:22:17 PM
....Car giant Ford will offer voluntary retirement and other financial incentives to some 15,000 workers in a bid to cut 1,400 jobs in North America and Asia. The downsizing comes as the US carmaker faces weak sales and declining profits. ...
Ford 'set to shed 10% of workforce' image
Source : BBC [Read Article] Tuesday 16th of May 2017 07:39:31 AM
....Ford employs around 200,000 people, with half of them in North America. In March, the carmaker announced that it would spend $1. ...
WannaCry ransomware cyber-attacks slow but fears remain image
Source : BBC [Read Article] Monday 15th of May 2017 10:38:57 AM
....The badly affected National Health Service said seven out of 47 trusts that were hit were still facing serious issues. French carmaker Renault said its plant in the northern town of Douai would not reopen on Monday as it dealt with the cyber-attack. ...
Lyft strikes self-driving deal with Google's Waymo image
Source : BBC [Read Article] Monday 15th of May 2017 08:23:51 AM
.... It said this arrangement will not be affected by the new deal with Waymo. Other companies working on driverless technology include Tesla and Apple, as well as a number of Chinese technology firms and most US, European and Asian carmakers. ...
Microsoft warns ransomware cyber-attack is a wake-up call image
Source : BBC [Read Article] Sunday 14th of May 2017 10:14:59 PM
....In England, 48 National Health Service (NHS) trusts reported problems at hospitals, doctor surgeries or pharmacies, and 13 NHS organisations in Scotland were also affected. Other organisations targeted worldwide included Germany's rail network Deutsche Bahn, Spanish telecommunications operator Telefonica, French carmaker Renault, US logistics giant FedEx and Russia's Interior Ministry. ...
Toyota 'backs flying car project' in Japan image
Source : BBC [Read Article] Sunday 14th of May 2017 10:33:46 AM
. Japanese carmaker Toyota has announced its backing for a group of engineers who are developing a flying car. ...
Cyber-attack: Europol says it was unprecedented in scale image
Source : BBC [Read Article] Saturday 13th of May 2017 03:46:13 PM
....In Germany, the federal railway operator said electronic boards had been disrupted; people tweeted photos of a ticket machine. France's carmaker Renault was forced to stop production at a number of sites. ...
Whistleblower sparks Hyundai and Kia recall of 240,000 cars image
Source : BBC [Read Article] Friday 12th of May 2017 05:37:45 AM
. The South Korean government has ordered carmakers Hyundai and Kia Motors to recall about 240,000 cars, after a tip off from a whistleblower. ...
Nissan reports jump in annual profits image
Source : BBC [Read Article] Thursday 11th of May 2017 07:55:47 AM
....Nissan has seen annual profits jump 27%, boosted by better sales in China, the US and Europe. Japan's second biggest carmaker had net profits of 663. ...
Toyota suffers first profit fall in five years image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:59:07 AM
....Toyota has warned next year's profits will be even lower, due to the strength of the Japanese currency. The carmaker's prediction is based on a forecast that the yen will average around 105 to the US dollar in the year through to March 2018, compared with 108 yen in the last financial year. ...
Breaking brands image
Source : BBC [Read Article] Saturday 6th of May 2017 11:46:31 PM
....VW has so far agreed to pay about $25bn (£19bn) to address US claims from owners, regulators, states and dealers - and it is under increasing pressure to pay up in other countries, too. Yet this public relations disaster has not stopped VW from overtaking Toyota as the world's largest carmaker, and nor has it permanently hit its profit-making abilities. ...
Volkswagen Group profits soar after cost cuts image
Source : BBC [Read Article] Wednesday 3rd of May 2017 10:41:07 AM
Brexit: UK carmakers 'sitting on their hands' rather than investing image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:37:30 PM
. Britain’s carmakers have warned that they do not believe a trade deal with the EU will be struck within the next two years and are “sitting on their hands” rather than investing in the UK. ...
Diesel vehicles important for UK economy, says industry image
Source : BBC [Read Article] Monday 24th of April 2017 11:39:01 PM
.... . Diesel vehicles have been under attack since revelations that carmakers falsified emissions data. ...
General Motors loses Supreme Court appeal over car faults image
Source : BBC [Read Article] Monday 24th of April 2017 09:06:53 PM
....General Motors has lost a legal bid aimed at protecting it from lawsuits over faulty ignition switches. The US Supreme Court, the top US court, will not hear the carmaker's appeal, which argued that its 2009 bankruptcy protected it from the claims. ...
Can China's electric cars kill off petrol? image
Source : BBC [Read Article] Thursday 20th of April 2017 11:13:26 PM
....China is the world's biggest car market - and Beijing is keen for more electric vehicles to help cut pollution. So how are three big carmakers going about cracking China?. ...
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BMW strike halts Mini car production image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:08:17 AM
....Workers at three BMW plants in the UK are staging a one-day strike in a row over pensions. The walkout, the first by BMW staff in Britain, is part of a wave of stoppages at the carmaker over the closure of a final-salary pension scheme. ...
Baidu to share self-drive car technology image
Source : BBC [Read Article] Wednesday 19th of April 2017 05:25:16 AM
....The firm predicted that the move would help drive the development of autonomous vehicles. Called Apollo, the project will make a range of software, hardware and data services available to others, especially carmakers. ...
Services matter image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:46 PM
....Much of the debate has focused on trade in goods. Will there be tariffs on British exports to the EU and vice versa? President Trump has threatened carmakers with a "border tax" if they expand operations in Mexico. ...
Sparks fly on Wall Street over Tesla’s current valuation image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
. Tesla, the electric carmaker, briefly became America’s most valued auto manufacturer last week when a surge in its share price saw it roar past General Motors. ...
Trade agenda image
Source : BBC [Read Article] Thursday 13th of April 2017 11:17:15 PM
....He has said that Nafta was the worst trade deal the US has ever done, that it kills American jobs. How would he like to change it? He has threatened a number of carmakers with "border taxes" (that is tariffs) if they expand production in Mexico for export to the US market. ...
Tesla board 'too close to Elon Musk' image
Source : BBC [Read Article] Wednesday 12th of April 2017 09:01:58 PM
. A group of Tesla shareholders has questioned the independence of the electric carmaker's board, warning it is too close to boss and co-founder Elon Musk. ...
How Uber conquers a city in seven steps image
Source : Guardian [Read Article] Wednesday 12th of April 2017 03:19:57 PM
.... “The lease terms are awful – you could buy the car for what they are being leased for, or maybe even less,” said Greg McBride, a financial analyst who looked at the figures for the Associated Press. In response, Uber said the program offered weekly rentals, flexible leases, traditional leases and purchase discounts through some carmakers. ...
Self-driving cars will only work when we accept autonomy is a myth image
Source : Guardian [Read Article] Friday 7th of April 2017 08:00:05 AM
.... They will start demanding that, for reasons of public safety, infrastructure must be upgraded, at huge public cost, in order to become machine-readable. Self-driving, particularly in built-up areas, should proceed on cities’ terms rather than carmakers’. ...
Advertising fail image
Source : BBC [Read Article] Thursday 6th of April 2017 01:57:06 PM
.... Last year, a company in China used it to promote a laundry detergent. The US carmaker was forced to issue an apology over a poster that featured three gagged and bound women in the boot of a car. ...
Tesla charges ahead to overtake Ford in market value image
Source : Guardian [Read Article] Tuesday 4th of April 2017 01:31:56 PM
....As Wall Street closed for the day, Tesla, led by 45-year-old tycoon and futurist Elon Musk, was worth $49bn (£38bn), compared with a paltry $46bn for the empire built by Henry Ford. This astonishing overtaking manoeuvre says as much about the nature of stock markets as it does about these two very different carmakers. ...
Congested, polluted and with car jobs at risk, Stuttgart reaches a crossroads image
. For the three young Porsche technicians joshing around in their tea break outside one of the carmaker’s assembly lines in Stuttgart, life seemed good last week. ...
UK businesses welcome May's free trade call but warn of no-deal Brexit disaster image
....Concerns have been rising among businesses in recent weeks that the UK could be heading towards a hard Brexit that would mean paying World Trade Organisation tariffs of about 5% on imports and exports with Europe. The EEF, the manufacturers’ organisation, said on Wednesday that leaving the EU without a deal and falling back on WTO rules “cannot be an option” while carmakers said Brexit could be the most significant threat to competitiveness of the UK automotive sector for a generation. ...
China's Tencent buys 5% stake in Tesla image
Source : BBC [Read Article] Tuesday 28th of March 2017 02:30:31 PM
Up in smoke: the VW emissions  ‘fix’ has left our car undriveable image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
....3bn (£3. 5bn) in civil and criminal penalties in the US, but in the UK the government has not taken the carmaker to court over the scandal. ...
London Taxi Company's new Ansty Park plant opens in Coventry image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:04:13 AM
....The London Taxi Company's (LTC) Ansty Park site in Coventry is the home of its new electric taxi, the TX5. Administrators were called into LTC in 2012 before Chinese carmaker Geely bought the business the following year. ...
Fiat Chrysler diesel emissions investigated in France image
Source : BBC [Read Article] Tuesday 21st of March 2017 08:12:41 PM
....But FCA added that its diesel cars fully complied with emissions rules. The move by French prosecuting magistrates comes after revelations in 2015 that German carmaker Volkswagen broke diesel tests in the US. ...
Hard Brexit 'could increase cost of making a car in UK by £2,400' image
Source : Guardian [Read Article] Monday 20th of March 2017 06:34:46 PM
.... Some of these components cross the English Channel three, four or even five times during production. The PA Consulting report identifies three possible scenarios for carmakers and car parts makers if trade restrictions, even partial ones, are enforced. ...
Thousands join UK legal case against VW over emissions scandal image
Source : Guardian [Read Article] Monday 20th of March 2017 10:27:25 AM
....The action is seeking compensation from VW for selling cars that the lawyers argue were not road worthy because the emissions were far higher than they purported to be. This month, the carmaker pleaded guilty to all criminal charges in the US, admitting to a scheme to sidestep pollution rules on nearly 600,000 vehicles. ...
The five best ISA funds that have thrashed the market image
Source : Daily Express [Read Article] Sunday 19th of March 2017 10:22:00 AM
.... . Manager James Anderson invests almost half the fund in US firms, including online retailer Amazon, electric carmaker Tesla Motors and social media giant Facebook, with hefty exposure to the eurozone and China. ...
Toyota invests £240m in Derbyshire plant – but warns over Brexit tariffs image
....Toyota is to invest £240m into upgrading its car plant in Derbyshire in a major boost for the automotive industry after Britain’s vote to leave the EU. The Japanese carmaker will modernise the plant in Burnaston with new equipment, technology and systems with the help of £21. ...
Vote of confidence image
Source : BBC [Read Article] Thursday 16th of March 2017 10:17:03 AM
.... . So why has Toyota decided to make this investment? What kind of guarantees has the government given the Japanese carmaker? . ...
Toyota to invest £240m in UK plant at Burnaston image
Source : BBC [Read Article] Thursday 16th of March 2017 09:39:48 AM
....Toyota is to invest £240m in upgrading its UK factory that makes the Auris and Avensis models. The Japanese carmaker's investment in the Burnaston plant near Derby will allow production of vehicles using its new global manufacturing system. ...
Trump begins rollback of Obama's car pollution standards to curb emissions image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:22:11 PM
....Trump has directed the Environmental Protection Agency to review fuel efficiency standards that were a key plank of Barack Obama’s effort to reduce greenhouse gas emissions. The move is a victory for carmakers who have claimed the standards are too onerous and out of step with Americans’ car buying habits. ...
Intel buys driverless car technology firm Mobileye image
Source : BBC [Read Article] Monday 13th of March 2017 12:09:06 PM
....54 a share in cash for the Israeli company, which develops "autonomous driving" systems. Mobileye and Intel are already working together, along with German carmaker BMW, to put 40 test vehicles on the road in the second half of this year. ...
VW diesel compensation stalls in UK image
Source : BBC [Read Article] Monday 13th of March 2017 11:52:52 AM
. It has been a year and a half since the diesel emissions scandal at the German carmaker Volkswagen first came to light. ...
Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
.... The Vauxhall-Opel operation hasn’t made a profit since 1999 and has made cumulative losses of $20bn since then. British carmakers are already nervous about their prospects when the country leaves the European Union: tariffs or other trade barriers on British cars exported to the EU could deal a hammer blow to the sector. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
.... “If so, would it not make sense for the government to set out its strategy for this sector as a whole rather than enlightening businesses one crisis at a time?”. Angela Eagle, the former shadow business secretary, whose Wallasey constituents include workers for Vauxhall and its supply chain, said she was concerned about the extra cost imposed on carmakers when the UK left the single market and customs union after 2019. ...
Vauxhall deal prompts cautious optimism from UK government image
Source : BBC [Read Article] Monday 6th of March 2017 03:37:53 PM
.... . With GM's Opel and Vauxhall operations, PSA Group will become the second-largest carmaker in Europe after Volkswagen. ...
Car deal image
Source : BBC [Read Article] Monday 6th of March 2017 12:49:19 PM
.... Or more accurately as far as GM Europe is concerned, 18 years of losses. The last time the US carmaker's European business, which houses Germany's Opel and the UK's Vauxhall, made a profit was in 1999. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
....The acquisition of Opel/Vauxhall, which generated revenues of €17. 7bn last year, will transform PSA Group into the second-biggest carmaker in Europe, after Volkswagen. ...
The fine print behind the GM deal image
Source : BBC [Read Article] Monday 6th of March 2017 09:17:53 AM
.... Peugeot thinks it can squeeze £1. 5bn of savings out of the combined operation, and if it can help the French carmaker break into new markets the deal will have done its job. ...
Vauxhall-Opel sold by GM to Peugeot-Citroen image
Source : BBC [Read Article] Monday 6th of March 2017 07:31:41 AM
....The UK factories at Ellesmere Port and Luton employ about 4,500 people. With GM's Opel and Vauxhall operations, PSA Group would become the second largest carmaker in Europe, behind Volkswagen. ...
GM set to announce Opel and Vauxhall sale on Monday image
Source : BBC [Read Article] Sunday 5th of March 2017 12:03:33 PM
....Opel has failed to emulate Ford or PSA in reducing overcapacity at its factories, despite closing a plant in the western German city of Bochum with the loss of 3,000 jobs in 2014. Stefan Bratzel, of Germany's Center of Automotive Management, said: "Opel suffers more from overcapacity than other European carmakers, meaning it has to offer big discounts to keep up a certain level of production and that hits its profitability. ...
Peugeot owner PSA close to deal to buy Vauxhall and Opel image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:26:55 AM
....The owner of Peugeot and Citroën is close to completing a deal with General Motors to buy its European car brands Vauxhall and Opel. Groupe PSA and GM could announce a deal as early as Monday morning after successful talks between the carmakers. ...
Peugeot 'set to unveil deal to buy GM's Opel on Monday' image
Source : BBC [Read Article] Friday 3rd of March 2017 11:26:34 PM
....If the takeover were to go through it would mean GM would no longer have a presence in the UK and Europe. PSA would become Europe's second-largest carmaker, behind VW, with a 16% share of the European market. ...
Bridgend reels from jobs threat hanging over Ford plant image
Source : Guardian [Read Article] Friday 3rd of March 2017 07:00:39 AM
....There are 1,820 workers at the plant and Bridgend College runs successful courses in the automotive industry, ensuring a conveyor belt of young people with the skills to work at Ford and in the cluster of suppliers that has formed around it. The carmaker has helped push wages up. ...
Jaguar Land Rover pledges 'heart and soul' to UK as new model debuts in Solihull image
. Jaguar Land Rover’s latest model is to be built exclusively at its plant in Solihull as the luxury carmaker pledged its “heart and soul” to the UK. ...
BMW considers making electric Mini outside UK due to Brexit worries image
Source : Guardian [Read Article] Monday 27th of February 2017 06:21:12 PM
.... Another option for BMW is to produce the car in the Netherlands, where roughly one in three Minis are already made. The German carmaker is likely to hold talks with the British government before making a decision but is concerned about the prospect of the UK leaving the single market and being charged tariffs on imports and exports. ...
VW cracks down on executive pay after diesel scandal image
Source : BBC [Read Article] Friday 24th of February 2017 08:46:49 PM
. Volkswagen will set caps on executive pay, the German carmaker said as it announced a return to profit for 2016 following the "dieselgate" scandal. ...
Vauxhall pensions 'won't be hit by PSA Group deal' image
Source : BBC [Read Article] Friday 24th of February 2017 12:40:52 PM
....Unions in Germany and the UK have been concerned that a takeover of Opel and Vauxhall could lead to job losses. Should the PSA deal go ahead, GM would leave the UK and Europe, while PSA Group would become Europe's second-largest carmaker - behind VW - supplanting Renault-Nissan. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
....” The union leader added that there were still a lot of issues to discuss, notably pensions. Vauxhall’s Ellesmere Port and Luton factories, headquarters and warehouse employ about 4,600 people, with a further 20,000 working in the carmaker’s showrooms; they also support a further 18,000 supply chain job. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
. The boss of PSA Group said the French carmaker’s proposed purchase of General Motors’ lossmaking European business could bring “speedy” savings, prompting fresh fears over job cuts at Vauxhall in the UK – just hours after speaking to Theresa May. ...
Peugeot owner PSA sees profits nearly double image
Source : BBC [Read Article] Thursday 23rd of February 2017 10:11:37 AM
. The owner of French carmaker Peugeot has reported a near doubling of profits, as it considers buying General Motors' (GM) Opel and Vauxhall brands. ...
Carlos Ghosn refocuses Nissan role image
Source : BBC [Read Article] Thursday 23rd of February 2017 01:33:29 AM
....Nissan's Alliance family is built around a 17-year cross shareholding agreement with Renault. Nissan has also previously acquired stakes or signed partnerships with other carmakers including Daimler. ...
UK plans draft response to foreign takeovers after failed Unilever bid image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:07:18 PM
....”. Clark’s remarks on Wednesday followed his pledge about the government’s “unbounded commitment” to protecting jobs at the carmaker Vauxhall. ...
Fears grow for Vauxhall jobs as government vows to do all it can image
Source : Guardian [Read Article] Monday 20th of February 2017 07:31:35 PM
. The business secretary has promised the government’s “unbounded commitment” to protecting jobs at Vauxhall amid concerns over the carmaker’s future. ...
Vauxhall's workforce highly valued, minister told by potential French buyer image
....Unite is also seeking a meeting with PSA at the earliest opportunity to discuss the proposed deal which would shift Vauxhall and Opel into the French government-backed automotive group. The tie-up would involve GM leaving Europe, and PSA becoming the second-largest European carmaker with a 16% market share. ...
Vauxhall's future in UK is secure, says business secretary image
Source : Guardian [Read Article] Thursday 16th of February 2017 03:35:55 PM
. The UK business secretary has said he has been reassured about the future of General Motors’ Vauxhall production operations in Britain, following a meeting with the US carmaker’s chairman. ...
Unite leader warns GM his union will not accept any Vauxhall job losses image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:13:22 PM
....McCluskey repeated his call for the government to extend the backing it has offered to Nissan, to ensure it maintains its UK car production when the UK leaves the EU, to the rest of Britain’s car industry. The Japanese carmaker announced in October that it would invest in its Sunderland factory after receiving assurances from the government. ...

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